Buying a car is just the tip of the iceberg when it comes to being a car owner. Most people forget that the cost of car insurance will vary with each vehicle. Over the next few weeks, we will present the most and least expensive 2012 and 2013 vehicles to insure.
Insure.com, a leading car insurance resource, annually evaluates vehicles to find those with the best and worst car insurance premiums. To do this, researchers average calculated rates from the six largest auto insurance companies in 10 zip codes in each state. The averages are based on a single, 40-year-old male that drives 12 miles to work each day.
In 2012, Insure.com found that the most expensive cars to insure were those with powerful engines and European pedigrees due to more crashes, higher repair bills and costly injuries. The least expensive were practical cars like minivans.
The Top 10 Least Expensive 2012 Vehicles to Insure and the national annual average rate are:
- Toyota Sienna LE – $1,111
- Toyota Sienna – $1,114
- Jeep Patriot Sport – $1,116
- Jeep Compass Sport – $1,118
- GMC Sierra 1500 Regular Cab – $1,121
- Chevrolet Silverado 1500 Regular Cab – $1,125
- Dodge Grand Caravan SXT – $1,129
- Ford Escape XLS – $1,137
- Toyota Sienna – $1,139
- Chevrolet Silverado 1500 Extended Cab – $1,143
Check back next week for the 2012 models that carry the most expensive car insurance.